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Google faces $5 billion lawsuit in U.S. for tracking 'private' internet use
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in "private" mode.
Categories: Reuters
U.S. FAA chief to testify at Senate hearing on Boeing 737 MAX
U.S. Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.
Categories: Reuters
Wells Fargo stops giving loans to most independent car dealerships
Wells Fargo & Co will stop providing loans to a majority of its independent auto dealer customers due to the economic challenges brought on by the COVID-19 pandemic, a spokeswoman said on Tuesday.
Categories: Reuters
Tech advocacy group's lawsuit says Trump's order on social media is unconstitutional
An advocacy group backed by the tech industry sued President Donald Trump on Tuesday over his executive order that would weaken a law protecting online platforms including social media companies that label or fact-check his posts.
Categories: Reuters
After Facebook staff walkout, Zuckerberg defends no action on Trump posts
Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to give ground a day after staff members staged a rare public protest.
Categories: Reuters
Oil hits three-month high over hopes for output cuts
Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic.
Categories: Reuters
Asian stocks set to gain as stimulus hopes support risk appetite
Asian stocks were poised to follow the global rally on Wednesday as hopes of more government stimulus bolstered riskier assets and overshadowed a host of other worries from the coronavirus to Hong Kong and growing U.S. civil unrest.
Categories: Reuters
Zoom nearly doubles revenue forecast on remote-work boost, but costs rising
Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.
Categories: Reuters
Twitter names ex Google CFO Pichette as chair, Kordestani to stay on
Twitter Inc on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network's board chairman, marking the first time in Twitter's history that an outsider will preside over the group.
Categories: Reuters
Wall Street closes up on signs of economic rebound
A late-session rally pushed Wall Street to solid gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery.
Categories: Reuters
Google is sued in U.S. for tracking users' 'private' internet browsing
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by tracking their internet use from browsers set in "private" browsing mode.
Categories: Reuters
Rental fleet collapse drags down U.S. vehicle sales
The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease.
Categories: Reuters
Zoom doubles forecast for full-year revenue on remote-work boost
Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.
Categories: Reuters
Twitter names ex-Google CFO Patrick Pichette chairman
Twitter Inc said on Tuesday that it appointed Patrick Pichette, former chief financial officer at Google, as chairman, replacing Omid Kordestani.
Categories: Reuters
Lyft says May rides jump 26% from prior month
Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26% in May from the previous month helped by strong growth in cities where coronavirus-induced restrictions have been eased.
Categories: Reuters
Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns
Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns.
Categories: Reuters
FAA chief to testify at June 17 Senate hearing on Boeing 737 MAX
Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.
Categories: Reuters
Twitter names Patrick Pichette as chair of board
Twitter Inc said on Tuesday that it appointed Patrick Pichette as chair of the social network's board of directors, replacing Omid Kordestani.
Categories: Reuters
Zoom doubles full-year revenue forecast on remote-work boost
Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, riding on a surge in usage of its video conferencing platform due to coronavirus-driven lockdown measures globally.
Categories: Reuters
Equities cruise to three-month highs, dollar under protest pressure
World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.
Categories: Reuters